EX-99.1 2 a17-25184_5ex99d1.htm EX-99.1

 

EXHIBIT 99.1

 

Suncor Energy Inc. Extractive Sector Transparency Measures Act Report for the reporting year January 1, 2016 to December 31, 2016

 



 

Schedule 1

 

STATEMENT UNDER THE ACT RESPECTING TRANSPARENCY MEASURES IN THE MINING, OIL AND GAS INDUSTRIES
(s.1)

 

 

 

Fiscal year covered by the statement: from Jan 1, 2016 to Dec 31, 2016

 

Name of the entity filing the statement: Suncor Energy Inc.

 

Name(s) of the subsidiary or subsidiaries for which the entity files the statement, where applicable:

 

-     Fort Hills Energy Ltd. Partnership

-     Petro-Canada Terra Nova Partnership

-     Petro-Canada Hibernia Partnership

-     Petro-Canada Hebron Partnership

-     Canadian Oil Sands Partnership

-     Suncor Energy Oil Sands Limited Partnership

-     Suncor Energy Offshore Exploration Partnership

-     Suncor Energy Ventures Partnership

 

 

 

Certificate

 

I certify that I have examined the information contained in the statement of the Suncor Energy Inc. and the subsidiaries listed above for the fiscal year that began on Jan 1, 2016 and ended on Dec 31, 2016. To my knowledge and having exercised due diligence, the information contained in the statement is, in all material respect for the purposes of the Act, true, accurate and complete.

 

Full name of the officer or director: Alister Cowan

 

Title of position: Executive Vice President & Chief Financial Officer

 

Date: September 27, 2017

 

“Alister Cowan”

Alister Cowan

Executive Vice President and Chief Financial Officer

 



 

Extractive Sector Transparency Measures Act Report

 

Reporting Year

From:          1/1/2016                                      To:          12/31/2016

 

 

 

 

Reporting Entity Name

Suncor Energy Inc.

 

 

 

 

Reporting Entity ESTMA Identification Number

E405435

 

 

Subsidiary Reporting Entities (if necessary)

Fort Hills Energy Limited Partnership: E991999

Petro-Canada Terra Nova Partnership: E368056

Petro-Canada Hibernia Partnership: E014222

Petro-Canada Hebron Partnership: E294659

Canadian Oil Sands Partnership: E984046

Suncor Energy Oil Sands Limited Partnership: E761283

Suncor Energy Offshore Exploration Partnership: E718793

Suncor Energy Ventures Partnership: E895970

 

 

Attestation: Please check one of the the boxes below and provide the required information

 

 

þ    Attestation ( by Reporting Entity)

 

 

In accordance with the requirements of the ESTMA, and in particular section 9 thereof, I attest I have reviewed the information contained in the ESTMA report for the entities listed above.  Based on my knowledge, and having exercised reasonable diligence, the information in the ESTMA report is true, accurate and complete in all material respects for the purposes of the Act, for the reporting year listed above.

 

o    Attestation (through independent audit)

 

In accordance with the requirements of the ESTMA, and in particular section 9 thereof, I attest that I engaged an independent auditor to undertake an audit of the ESTMA report for the entity(ies) and reporting year  listed above.   Such an audit was conducted in accordance with the Technical Reporting Specifications issued by Natural Resources Canada for independent attestation of ESTMA reports.

 

The auditor expressed an unmodified opinion, dated [ENTER DATE: YYYY-MM-DD], on the ESTMA report for the entity(ies) and period listed above.

 

The independent auditor’s report can be found at [INSERT WEBLINK TO AUDIT OPINION POSTED ONLINE – link should be on same page as report link]

 

 

 

 

Director or Officer of Reporting Entity Full Name:

Alister Cowan

Date:

5/26/2017

 

 

Position Title:

Executive Vice President and Chief Financial Officer

 



 

Extractive Sector Transparency Measures Act - Annual Report

 

Reporting Year

 

From:     1/1/2016                  To:   12/31/2016

 

 

 

 

 

Reporting Entity Name

 

Suncor Energy Inc.

 

 

 

 

 

Reporting Entity ESTMA Identification Number

 

E405435

 

 

Subsidiary Reporting Entities (if necessary)

Fort Hills Energy Limited Partnership: E991999

Petro-Canada Terra Nova Partnership: E368056

Petro-Canada Hibernia Partnership: E014222

Petro-Canada Hebron Partnership: E294659

Canadian Oil Sands Partnership: E984046

Suncor Energy Oil Sands Limited Partnership: E761283

Suncor Energy Offshore Exploration Partnership: E718793

Suncor Energy Ventures Partnership: E895970

 

 

 

 

Payments by Payee

 

Country

Payee Name

Taxes

Royalties

Fees

Production Entitlements

Bonuses

Dividends

Infrastructure Improvement Payments

Total Amount paid to Payee

Notes

Canada

Municipality of Wood Buffalo (Alberta)

110,060,000

 

 

 

 

 

 

110,060,000

 

Canada

Newfoundland Exchequer

 

84,580,000

31,550,000

 

 

 

 

116,130,000

Includes royalties paid in relation to the Hibernia Base project.

Canada

Receiver General For Canada 

 

122,660,000

130,000

 

 

 

 

122,790,000

Includes royalties that are remitted directly to the Canadian federal government that are then sent to the Government of Newfoundland and Labrador for the Terra Nova, White Rose and Hibernia Extension projects.

Canada

Government of Alberta

580,000

49,660,000

11,620,000

 

 

 

 

61,860,000

 

Canada

Industry Canada (Federal)

 

 

440,000

 

 

 

 

440,000

 

Canada

Canada Revenue Agency

2,050,000

 

 

 

 

 

 

2,050,000

 

Canada

Canada Newfoundland and Labrador Offshore Petroleum Board

 

 

3,120,000

 

 

 

 

3,120,000

 

Canada

Government of British Columbia

160,000

210,000

260,000

 

 

 

 

630,000

 

Canada

Government of Quebec

3,050,000

 

 

 

 

 

 

3,050,000

 

United Kingdom of Great Britain and Northern Ireland

Her Majesty’s Revenue and Customs Cumbernauld

322,100,000

 

 

 

 

 

 

322,100,000

Translated using the financial year end foreign exchange rate: 1 GBP : 1.6564 CAD.

Libya

National Oil Corporation

16,110,000

12,080,000

 

 

1,300,000

 

 

29,490,000

Bonuses include social development payments as required by certain Exploration and Production Sharing Agreements in Libya.
Translated using the financial year end foreign exchange rates: 1 USD : 1.3427 CAD and 1 EUR : 1.4169 CAD.

Mexico

Mexico National Hydrocarbon Commission

 

 

3,280,000

 

 

 

 

3,280,000

Translated using the payment date foreign exchange rate: 1 MXN : 0.0753 CAD.

Norway

The Norwegian Petroleum Directorate

 

 

1,370,000

 

 

 

 

1,370,000

Translated using the financial year end foreign exchange rate: 1 NOK : 0.1559 CAD.

Total

 

454,110,000

269,190,000

51,770,000

1,300,000

776,370,000

 

 

Notes:

All payments are reported in Canadian dollars.

All amounts have been rounded to the nearest $10,000 CAD

 



 

Extractive Sector Transparency Measures Act - Annual Report

 

Reporting Year

 

From:     1/1/2016                  To:   12/31/2016

 

 

 

 

 

Reporting Entity Name

 

Suncor Energy Inc.

 

 

 

 

 

Reporting Entity ESTMA Identification Number

 

E405435

 

 

Subsidiary Reporting Entities (if necessary)

Fort Hills Energy Limited Partnership: E991999

Petro-Canada Terra Nova Partnership: E368056

Petro-Canada Hibernia Partnership: E014222

Petro-Canada Hebron Partnership: E294659

Canadian Oil Sands Partnership: E984046

Suncor Energy Oil Sands Limited Partnership: E761283

Suncor Energy Offshore Exploration Partnership: E718793

Suncor Energy Ventures Partnership: E895970

 

 

 

 

Payments by Project

 

Country

Project Name

Taxes

Royalties

Fees

Production Entitlements

Bonuses

Dividends

Infrastructure Improvement Payments

Total Amount paid by Project

Notes

Canada

Hibernia

 

106,920,000

 

 

 

 

 

106,920,000

Hibernia Base and Extension projects have been combined for the purposes of this report.

Canada

Hebron

 

 

31,550,000

 

 

 

 

31,550,000

 

Canada

Base Mine

42,240,000

27,430,000

2,660,000

 

 

 

 

72,330,000

 

Canada

Firebag

58,890,000

17,890,000

3,460,000

 

 

 

 

80,240,000

 

Canada

Terra Nova

 

50,120,000

3,120,000

 

 

 

 

53,240,000

 

Canada

White Rose

 

50,200,000

 

 

 

 

 

50,200,000

 

Canada

MacKay River

5,010,000

2,770,000

1,030,000

 

 

 

 

8,810,000

 

Canada

Other

170,000

1,780,000

4,510,000

 

 

 

 

6,460,000

Includes Emerging properties in the Oil Sands business unit (Meadow creek, Dover, Lewis, and Voyager south) and North America Onshore in the Exploration and Production business unit.

Canada

Fort Hills

3,910,000

 

790,000

 

 

 

 

4,700,000

 

United Kingdom of Great Britain and Northern Ireland

Buzzard

255,320,000

 

 

 

 

 

 

255,320,000

Translated using the financial year end foreign exchange rate: 1 GBP : 1.6564 CAD.

United Kingdom of Great Britain and Northern Ireland

GEAD

66,780,000

 

 

 

 

 

 

66,780,000

Translated using the financial year end foreign exchange rate: 1 GBP : 1.6564 CAD.

Mexico

Mexico

 

 

3,280,000

 

 

 

 

3,280,000

Translated using the payment date foreign exchange rate: 1 MXN : 0.0753 CAD.

Libya

Libya Exploration and Evaluation

16,110,000

12,080,000

 

 

1,300,000

 

 

29,490,000

Bonuses include social development payments as required by certain Exploration and Production Sharing Agreements in Libya. Translated using the financial year end foreign exchange rates: 1 USD : 1.3427 CAD and 1 EUR : 1.4169 CAD.

Norway

Beta

 

 

1,370,000

 

 

 

 

1,370,000

Translated using the financial year end foreign exchange rate: 1 NOK : 0.1559 CAD.

Total

 

448,430,000

269,190,000

51,770,000

-

1,300,000

-

-

770,690,000

 

 

Notes:

All payments are reported in Canadian dollars.

All amounts have been rounded to the nearest $10,000 CAD